Applicants must file a Form PTAX-341, Application for Returning Veterans' Homestead Exemption, with the Chief County Assessment Office. Under the Constitution of the State of Florida, the basic homestead exemption is granted to.The homestead exemption and Save Our Homes assessment limitation help thousands of Florida homeowners save money on their property taxes every year. Are you an Illinois resident who owns real estate in another state? Do you advise such a person? Sell your Illinois residence, and if you own a Florida residence, apply for a homestead exemption. A homestead exemption can benefit homeowners if one spouse in a twoincome household dies. Apply for Homestead Exemption in Florida. Never Request a Discount Available Only to Illinois Residents, such as Illinois in-state tuition for your children. Florida law allows a person to claim homestead when the residence is held in a revocable living trust.
